Intel Co. (NASDAQ:INTC) Shares Sold by Everence Capital Management Inc.

Everence Capital Management Inc. reduced its position in Intel Co. (NASDAQ:INTC) by 19.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 99,528 shares of the chip maker’s stock after selling 23,640 shares during the quarter. Everence Capital Management Inc.’s holdings in Intel were worth $5,001,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of INTC. Cantor Fitzgerald Investment Advisor L.P grew its position in Intel by 173.6% in the 1st quarter. Cantor Fitzgerald Investment Advisor L.P now owns 539,976 shares of the chip maker’s stock valued at $26,761,000 after acquiring an additional 342,649 shares in the last quarter. Axiom Financial Strategies LLC grew its position in Intel by 21.6% in the 1st quarter. Axiom Financial Strategies LLC now owns 5,944 shares of the chip maker’s stock valued at $260,000 after acquiring an additional 1,056 shares in the last quarter. Fairfield Bush & CO. acquired a new position in Intel in the 1st quarter valued at about $142,000. Retirement Income Solutions Inc grew its position in shares of Intel by 5.1% during the first quarter. Retirement Income Solutions Inc now owns 6,338 shares of the chip maker’s stock worth $314,000 after buying an additional 307 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. grew its position in shares of Intel by 26.9% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,863,459 shares of the chip maker’s stock worth $290,593,000 after buying an additional 1,244,247 shares in the last quarter. 64.53% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft upped their price target on Intel from $38.00 to $42.00 and gave the company a “hold” rating in a report on Monday, December 18th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $45.00 price target on shares of Intel in a report on Wednesday, April 3rd. Needham & Company LLC reiterated a “hold” rating on shares of Intel in a research note on Friday, January 26th. TD Cowen reduced their price objective on Intel from $45.00 to $42.00 and set a “market perform” rating for the company in a research note on Friday, January 26th. Finally, Wells Fargo & Company cut their price target on Intel from $48.00 to $43.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 9th. Four equities research analysts have rated the stock with a sell rating, twenty have given a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $42.69.

Insider Buying and Selling

In other Intel news, CEO Patrick P. Gelsinger bought 3,000 shares of Intel stock in a transaction that occurred on Monday, January 29th. The shares were purchased at an average cost of $43.36 per share, for a total transaction of $130,080.00. Following the completion of the transaction, the chief executive officer now owns 28,475 shares of the company’s stock, valued at approximately $1,234,676. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, CEO Patrick P. Gelsinger acquired 2,800 shares of Intel stock in a transaction dated Thursday, February 1st. The shares were acquired at an average cost of $42.74 per share, with a total value of $119,672.00. Following the purchase, the chief executive officer now directly owns 31,275 shares of the company’s stock, valued at approximately $1,336,693.50. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Patrick P. Gelsinger acquired 3,000 shares of Intel stock in a transaction dated Monday, January 29th. The stock was purchased at an average cost of $43.36 per share, for a total transaction of $130,080.00. Following the completion of the purchase, the chief executive officer now directly owns 28,475 shares in the company, valued at $1,234,676. The disclosure for this purchase can be found here. 0.04% of the stock is currently owned by company insiders.

Intel Trading Down 0.1 %

NASDAQ INTC traded down $0.05 during trading hours on Tuesday, hitting $36.26. 30,270,247 shares of the company’s stock were exchanged, compared to its average volume of 46,857,492. The business’s 50 day moving average is $42.45 and its 200-day moving average is $42.39. Intel Co. has a 12-month low of $26.85 and a 12-month high of $51.28. The firm has a market capitalization of $153.31 billion, a P/E ratio of 93.26, a price-to-earnings-growth ratio of 3.16 and a beta of 1.00. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.15 and a current ratio of 1.54.

Intel (NASDAQ:INTC) last released its earnings results on Thursday, January 25th. The chip maker reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.27. Intel had a return on equity of 1.64% and a net margin of 3.11%. The firm had revenue of $15.40 billion for the quarter, compared to the consensus estimate of $15.16 billion. During the same period in the prior year, the business posted $0.10 earnings per share. The firm’s revenue for the quarter was up 9.7% compared to the same quarter last year. As a group, analysts anticipate that Intel Co. will post 0.62 EPS for the current fiscal year.

Intel Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Wednesday, February 7th were given a dividend of $0.125 per share. The ex-dividend date of this dividend was Tuesday, February 6th. This represents a $0.50 annualized dividend and a yield of 1.38%. Intel’s dividend payout ratio (DPR) is presently 128.21%.

Intel Profile

Intel Corporation designs, develops, manufactures, markets, and sells computing and related products and services worldwide. It operates through Client Computing Group, Data Center and AI, Network and Edge, Mobileye, and Intel Foundry Services segments. The company's products portfolio comprises central processing units and chipsets, system-on-chips (SoCs), and multichip packages; mobile and desktop processors; hardware products comprising graphics processing units (GPUs), domain-specific accelerators, and field programmable gate arrays (FPGAs); and memory and storage, connectivity and networking, and other semiconductor products.